The Dollar handed back previous gains to be seen swathed in red Thursday after inflation data surprised on the downside for August, reinforcing an earlier downward bias arising from signs of a fresh detente in the US "trade war" with China.
September 13,2018
A decision on latest tariffs could come today and with looming mid-term there is a good chance Trump will keep trade war fires burning for the foreseeable future.
September 12,2018
Foreign exchange strategists are increasingly of the belief that the current recovery in the Pound might extend further, "this is a recovery that is building nicely now" says Richard Perry, an analyst with Hantec Markets.
September 11,2018
The US Dollar is poised for a strong finish to 2018 because a perfect storm of supportive conditions is gathering overahead as the November midterm elections approach, which some analysts say will place "pro-cyclical currencies" under continued pressure in coming months, enabling the greenback to hold some of its recent gains for New Year.
September 10,2018
GBP/USD uptrend remains intact on balance despite recent weakness but a break above 50-day MA required to signal continuation higher. The main calendar event for Sterling is Bank of England meeting and for the Dollar it's inflation data
September 9,2018
The Dollar edged rose broadly Friday as traders responded to a better-than-expected nonfarm payrolls report for August, and a surprisingly strong set of wage numbers, while markets wait with baited breath to hear of whether President Donald Trump will go ahead with a second round of tariffs on a much larger portion of China's exports to the US.
September 7,2018
If the 'wisdom of crowds' is anything to go by then traders should be buying the Pound, as a recent poll of experts sees Sterling rising against both the Euro and the US Dollar in the coming year.
September 7,2018
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